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Chart 13: The -2.5% drop in the NDX on 17-May was a six standard
document IMAGES-007-HOUSE_OVERSIGHT_023580.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Chart 13: The -2.5% drop in the NDX on 17-May was a six standard deviation (60) event relative to trailing realized volatility and the fourth worst risk-adjusted daily return since 1985 Chart 14: The 60 sell-off in the NDX on 17-May has helped drive short- dated Tech implied vol...

To: Melanie Spinella
email IMAGES-007-HOUSE_OVERSIGHT_023225.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

redid your gagosian contract ,. organized structure in case of divorce. set up gift trust. stopped ada from including multiple times things not in your interest. dealt with bad sales tax use tax income tax . created 8 millino in deductions ,500k in mistakes , found bank of scotla...

Jan Loeys Global Asset Allocation
document IMAGES-011-HOUSE_OVERSIGHT_030852.txt Mar 28, 2013 House Oversight Committee — Epstein Estate Records (Nov 2025)

Jan Loeys Global Asset Allocation (1-212) 834-5874 The J.P. Morgan View JP Morgan [email protected] 28 March 2013 Interest rates Current Jun-13 Sep-13 Dec-13 Mar-14 YTD Return* United States Fed funds rate 0.125 0.125 0.125 0.125 0.125 0-year yields 1.85 2.00 2.10 2.25 2...

Chart 3: EM debt and equity have been hit Chart 4: While Banks versus Staples has gone ballistic
document IMAGES-002-HOUSE_OVERSIGHT_014436.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Chart 3: EM debt and equity have been hit Chart 4: While Banks versus Staples has gone ballistic 950 r 40 0.43 ——MSCI EM _ 900 SSW eG TRS EN LSI SEE ERG ; , ———S&P 500 Banks relative to Food & Bev 0.39 (RHS) 850 0.37 0.35 800 0.33 750 0.31 700 0.29 0.27 650 0.25 Oo Oo Wo Oo Oo Ob...

We use an equal weighted, three-factor valuation framework (P/E, P/TBV, DCF) to arrive
document IMAGES-002-HOUSE_OVERSIGHT_014387.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

We use an equal weighted, three-factor valuation framework (P/E, P/TBV, DCF) to arrive at our PO of $14. We assigned a 1.2x multiple to 2Q17E TBV and a 12x multiple on 2017E EPS, with lower PTBV/PE multiple than peers assigned due to the higher perceived risk of their lending mod...

q here equals some appropriate r by the same logic as before. Here again, we
document IMAGES-001-HOUSE_OVERSIGHT_011133.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

q here equals some appropriate r by the same logic as before. Here again, we usually read interpretations of (A2.8) which treat the appropriate r as an integral of time preference or equivalently productivity rates over the interim (u,x).1 however see dV(x) as determined by cur...